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China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014 | 10:00 am Base Metals Precious Metals China Europe Latin America Copper Gold Silver 

China's MMG received Monday unanimous approval from its shareholders to move forward with the $5.85 billion acquisition of Glencore’s (LON:GLEN) flagship Las Bambas copper project in Peru. The board also approved an offtake agreement with majority shareholder China Minmetals Nonferrous...

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